Exxon Mobil Drilling for Lithium in Arkansas for Electric Vehicle Production
Exxon Mobil is venturing into lithium production in southern Arkansas, with plans to start producing lithium for electric vehicles by 2027. The oil giant aims to meet the lithium demand of over 1 million electric vehicles by 2030. The project is expected to have a positive impact on the local economy and transform the state of Arkansas. Exxon Mobil’s extraction process, which involves conventional drilling methods and direct lithium extraction technology, is more sustainable and produces fewer carbon emissions than traditional lithium mining methods.